POP / FSA / HRA

Premium Only Plan (POP)
This section of the tax code allows an employer to pre-tax an employee's benefits on a pre-taxed basis. An employer will save on payroll tax.

Section 125 / Flex Spending Account (FSA)
The Haberman Group will assist in setting up and assisting with the administration of a Section 125 / Flex Spending Account (FSA) program. We strongly recommend that your organization consider offering this tax savings employee benefit. The start of 2016 the federal government set an annual maximum limit for a FSA at $2,550. Catch Up of $1,000 if you and your spouse are over 55 years old.

Health Reimbursement Account (HRA)
A HRA is an agreement between an employer and their eligible employees. The employer determines what benefits will be reimbursed and the limit of the reimbursement limit. This is normally utilized to lower monthly health premiums due to the fact the health plan has higher copays and deductible amounts.